What is E-cash in e-commerce?
E-cash is a form of an electronic payment system, where a certain amount of money is stored on a client’s device and made accessible for online transactions. Stored-value card — A card with a certain amount of money that can be used to perform the transaction in the issuer store.
What is E-cash in PPT?
Introduction Electronic money is paperless cash. This money is either stored on a card itself or in an account associated with the card The most common examples are transit cards, meal plans, and PayPal. E-Cash can also mean any kind of electronic payment.
What is E-Cash and types?
Identified E-money is a form of e-money that allows the user who withdraws the money to be tracked such as credit/debit card transactions. Banks can easily track your payments. Unidentified money is usage of physical cash which can be withdrawn from the bank and used anywhere. Online and Offline E-transactions.
What is the example of eCash?
Digital cash, debit cards, and electronic cases are prepaid electronic tokens and electronic check and credit card are examples of postpaid electronic tokens. Digital (electronic) cash. Based on digital signatures (which will be discussed later), digital cash is designed for on-line transactions.
What is digital cash or eCash?
Digital cash is a system of purchasing cash credits in relatively small amounts, storing the credits in your computer, and then spending them when making electronic purchases over the Internet. Digital cash can also be stored on an electronically sensitive card.
What is eCash explain the properties of eCash?
Properties of Electronic Cash:- Digital cash must be interoperable or exchangeable as payment for other digital cash, paper cash, goods or services, lines of credit, deposits in banking accounts, bank notes or obligations, electronic benefits transfers, and the like. Digital cash must be storable and retrievable.
What is the purpose of e-wallet?
The utility of e-wallet is same as a credit or debit card. An e-wallet needs to be linked with the individual’s bank account to make payments. The main objective of e-Wallet is to make paperless money transaction easier.
What is use of eCash?
For cardholders, electronic cash transactions are free of charge. E-cash actually globalizes the economy, since the user will transfer cash into his cyber-wallet in any currency desired. A merchant will accept any currency and convert it to local currency once the cyber cash is uploaded to the bank account.
What is eCash?
In providing a simple definition of eCash, also known as electronic cash, it is a digital money product that provides a way to pay for products and services without resorting to paper or coin currency. The offline form of e-cash involved a digitally encoded card that replaced paper money.
What is the importance of eCash?
Electronic Cash is important concept in electronic payment systems through internet because it combines computerized convenience with security mechanisms. Electronic Cash can be used for making and receiving payments between consumer and merchant or for any money transaction.
What are the uses of e-cash?
What is the importance of e-cash?
What is the definition of e commerce PPT?
E commerce ppt 1. WHAT IS COMMERCE According to Dictionary.com Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities. 2.
What are the features of an electronic cash system?
The designers of electronic cash focused on preserving the features of un traceability and anonymity. Thus, electronic cash is defined to be an electronic payment system that provides, in addition to the above security features, the properties of user anonymity and payment un traceability. 4.
What is the definition of e cash payment?
Thus, electronic cash is defined to be an electronic payment system that provides, in addition to the above security features, the properties of user anonymity and payment un traceability. 4. This term is often applied to any electronic payment scheme that superficially resembles cash to the user.
What are the advantages of using e cash?
AdvantagesWe can transfer funds, purchase stocks, and offer a variety of otherservices without having to handle physical cash or chequesElectronic cash protects its user against theft With electronic cash, thecustomer does not need to provide financial informationE-cash supports small payments .